Captrust Financial Advisors Purchases 6,151 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Captrust Financial Advisors grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 20.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 36,603 shares of the semiconductor manufacturer's stock after acquiring an additional 6,151 shares during the period. Captrust Financial Advisors' holdings in Skyworks Solutions were worth $3,615,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SWKS. Vulcan Value Partners LLC lifted its holdings in Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock worth $481,552,000 after buying an additional 1,262,964 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock worth $370,768,000 after acquiring an additional 1,233,618 shares during the period. Mizuho Securities USA LLC boosted its holdings in Skyworks Solutions by 5,769.6% in the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer's stock valued at $71,708,000 after acquiring an additional 713,636 shares during the last quarter. Pzena Investment Management LLC raised its holdings in Skyworks Solutions by 19.3% during the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer's stock worth $435,943,000 after purchasing an additional 661,144 shares during the last quarter. Finally, Swedbank AB raised its holdings in Skyworks Solutions by 56.7% during the 2nd quarter. Swedbank AB now owns 1,592,880 shares of the semiconductor manufacturer's stock worth $169,769,000 after purchasing an additional 576,576 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWKS. Morgan Stanley decreased their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 13th. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Mizuho decreased their target price on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday, November 13th. B. Riley lowered their target price on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Finally, Susquehanna cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $101.00.

Insider Activity at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 10,177 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 10,522 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,841 shares of company stock worth $3,034,265. 0.35% of the stock is owned by corporate insiders.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS traded up $0.14 during mid-day trading on Wednesday, reaching $87.76. 2,537,294 shares of the company's stock were exchanged, compared to its average volume of 2,382,715. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.95 and a beta of 1.19. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The firm has a 50-day moving average price of $92.03 and a two-hundred day moving average price of $99.65.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. Skyworks Solutions's revenue was down 15.9% on a year-over-year basis. Analysts predict that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is currently 75.68%.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.